RBI has adequate stock of cash: Jaitley
New Delhi, Dec 20 (IANS) Finance Minister Arun Jaitley on Monday said the Reserve Bank of India has sufficient stock of cash, which would last way beyond December 30.
“RBI has adequate cash, not only to last till December 30, but well beyond that,” said Jaitley while briefing the media here.
On the question of being less prepared, Jaitley said: “There was complete preparation. Not even for a single day did the RBI not release adequate currency stock through the banking system.”
“A certain amount of currencies are to be released each day. There was already preparation for that. Therefore, stock has been maintained, adding both advance printing and current printing,” he added.